Minneapolis/St. Paul, Minnesota prices: $57,129 in 1989 → $140,411.84 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1989-2024 ($57,129)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 145.78% higher in 2024 versus 1989 (a $83,282.84 difference in value).

Between 1989 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, $57,129 in Minneapolis/St. Paul in the year 1989 would cost $140,411.84 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2024 time period. Compared to inflation for all items in 1989 (4.83%), inflation in Minneapolis/St. Paul was lower.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
19851990199520002005201020152020-11357
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).
View price changes for other categories
St Louis, Missouri · College tuition and fees · Phoenix, Arizona · Electricity · More

Buying power of $57,129.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $57,129 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$57,129.004.10%
1990$59,470.354.10%
1991$61,062.472.68%
1992$63,216.523.53%
1993$65,183.253.11%
1994$67,243.643.16%
1995$68,835.762.37%
1996$71,130.293.33%
1997$72,769.232.30%
1998$74,127.221.87%
1999$76,468.573.16%
2000$79,652.814.16%
2001$82,649.743.76%
2002$84,101.381.76%
2003$85,553.021.73%
2004$87,988.032.85%
2005$90,423.032.77%
2006$91,874.671.61%
2007$94,238.032.57%
2008$97,848.873.83%
2009$97,348.28-0.51%
2010$99,145.971.85%
2011$102,709.983.59%
2012$105,107.532.33%
2013$107,145.441.94%
2014$108,644.841.40%
2015$107,967.72-0.62%
2016$109,643.191.55%
2017$112,028.562.18%
2018$114,711.752.40%
2019$117,117.262.10%
2020$118,471.031.16%
2021$124,205.944.84%
2022$133,460.847.45%
2023$137,072.142.71%
2024$140,411.842.44%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1989 * 1989 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 299.852 in 2024:

299.852 / 122.000 * $57,129 = $140,411.84

Therefore, according to U.S. Bureau of Labor Statistics, $57,129 in 1989 has the same "purchasing power" as $140,411.84 in 2024 (in the CPI category of Minneapolis-St Paul, Minnesota).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Minneapolis-St Paul, Minnesota in 1984. In addition to Minneapolis/St. Paul, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.